Infrastructure,Infrastructure sector projects by Reliance Industries Limited in
Project Information
5138
Reliance Industries Limited
With a plan to enter in East Africa, Reliance Industries, in a joint venture with Delta Corp, has purchased land worth Rs 200 crore in Kenya for development of housing and office properties and is already making good profits. Out of the ten prime plots purchased by this joint venture, Delta Corp East Africa Limited (in which RIL holds 58.8 per cent stake) has completed construction of at least one low-cost residential complex and one office-block project. DCEAL has invested approximately Rs 200 crore to acquire 10 prime plots of land in Nairobi with a planned developable area of approximately 1.2 million square feet of commercial and residential assets. DCEAL has already completed construction of Delta Plains, a mid- to low-cost residential complex at Athi river near the Jomo Kenyatta International Airport. This relatively industrialised area is being considered an upcoming residential hub due to its proximity to both the airport and the city. Delta Corp, which runs offshore casinos in India and is the only listed entity in the country's gaming industry, further said DCEAL has developed a gated complex of 4 office-blocks, Delta Riverside, closer to the central business district (CBD) in Nairobi.
Project Value
INR 200 Crore /-
Pre Project Activities Underway
Not Specified
India
Infrastructure,Infrastructure
Disclaimer :
We takes all possible care for accurate & authentic tender information, however Users are requested to refer Original source of Tender Notice / Tender Document published by Tender Issuing Agency before taking any call regarding this tender.
